Just remember there are no effects banks to scroll through on this head. You can have three different effects (plus compression and drive, as they are controlled separately) on each preset, but if you do that it will also recall whatever the whole of the panel's settings were when you hit save (e.g. if you saved a preset with the bass EQ cranked it would recall that too, rather than what the front panel is actually showing). As such, for live work I have my three preferred effects saved via the "panel" setting and then tweak the eq etc. to taste according to venue. I have different combinations of effects set in each of the other three presets, so if the "panel" hasn't needed much EQ I can switch between them to give me a total of twelve effects.
Does that make sense? It sounds more complicated than it is once you are using the unit!